Idaho Bills

Amends existing law to revise provisions regarding additional allowable investments by the State Treasurer.

Appropriates $4,232,100 to the State Treasurer for fiscal year 2019; limits the number of authorized full-time equivalent positions to 26.00; provides for reappropriation authority for the LGIP Fund; provides legislative intent regarding conference-related activities; provides legislative intent regarding payment of bank service fees; and provides legislative intent regarding mitigation of bank service fees.

This is the FY 2019 original appropriation bill for the State Treasurer. It appropriates $4,232,100 and caps the number of authorized full-time equivalent positions at 26.00. For benefit costs, the bill removes $1,450 per eligible FTP to bring the annual employer contribution for health insurance down to $11,650 by including a two-month employee and employer premium holiday, adds a 6.8% increase for life insurance, and adjusts funding for workers' compensation in amounts that vary by agency. For statewide cost allocation, $2,400 is provided, as risk management costs will increase by $700, State Controller fees will increase by $2,000, and State Treasurer fees will decrease by $300. An annualization of $1,000 is provided for the State Treasurer's statutory salary increase for the period July 1, 2018, through December 31, 2018. The bill also provides funding for a 3% ongoing merit-based salary increase for permanent employees, to be distributed at the discretion of the agency head.

Amends existing law to provide a date change for reports by the Credit Rating Enhancement Committee.

This legislation would change the date that the Credit Rating Enhancement Committee's annual report is due to the governor and the legislature to December 1 (currently August 1). This date change would allow the time needed to prepare the report and have a committee meeting, if needed, in advance of report issuance. Currently, the one month window is too short to facilitate both report preparation and a committee meeting between the end of the fiscal year and August 1. The December 1 date would allow time for the legislature to review in advance of the upcoming legislative session.